The client can distribute proceeds through a private agreement without involving the title.

I am pretty sure you can not do a 1031 and use the proceeds to do anything to a primary residence.

@Cameron Porter half off of a $30-40K price may not be enough to make a purchase work.We've seen clients quickly get upside down with Land Bank purchases:(So, proceed with caution and hire a great inspector and contractor to go thru the property before you agree to buy it.

While permits for ULS may take up to 1.5 years, MDUD projects can proceed faster, provided all requirements are met.Let’s break down the numbers for San Ysidro, a promising area for development.

Insurance is awful.

D.FCheck with your insurer, and adjust accordingly.

Quote from @Nicholas Dillon: I read somewhere that you can request to have your mortgage insurance dropped once your Loan to Value reaches 80%.

I could use the proceeds to to pay down a good portion of my mortgage on my Primary residence (that is currently at 7.3%).

@Lauren Ruppert  Cash out refi only in the husbands name which will take the ex wife off the financing/title and use the cash out proceeds to pay out what is owned to the ex wife.

As a medium-term rental, you'd be in better position to be connected with Insurance Company that way.